Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$160,591$160,591$426,600
Remaining term (yrs)19.519.530.0
Secondary amount$0$266,009$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%6.542%7.560%
1st payment$957.98$957.98$2,930.45
2nd payment$0.00$1,717.98$0.00
Taxes / mo$151.92$151.92$151.92
Insurance / mo$166.67$166.67$166.67
MI / mo$147.61$147.61$85.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,424.17$3,142.15$3,334.35
Cash to close$313,409$47,400$47,400